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TORONTO, June 19, 2014 /CNW/ - Mackenzie Investments announced today
that, effective on or about August 14, 2014, Alain Bergeron, Senior
Vice President and Asset Allocation Team Lead, will assume
responsibility for asset allocation in eight Mackenzie balanced funds
as follows:

Mackenzie Canadian All Cap Balanced Fund

Mackenzie Canadian All Cap Balanced Class

Mackenzie Canadian Growth Balanced Fund

Mackenzie Canadian Large Cap Balanced Fund

Mackenzie Cundill Canadian Balanced Fund

Mackenzie Income Fund

Mackenzie Ivy Canadian Balanced Fund

Mackenzie Ivy Global Balanced Fund

Mr. Bergeron's new role with these funds will enhance the resources
dedicated to them and allow their existing equity and fixed income
teams to focus on selecting securities.

"We believe that Alain's asset allocation talents make a great addition
to our balanced funds," said Tony Elavia, Chief Investment Officer at
Mackenzie Investments. "And this will let our equity and fixed income
teams better concentrate on what they do best - which is security
selection."

Asset allocation, or the combination of different asset categories
within a fund, plays a vital role in helping to reduce risk and enhance
performance potential. Mr. Bergeron's experience in asset allocation
will complement the funds' underlying security selection process and
improve the funds' capabilities to meet investors' long-term investment
goals and expectations.

Mr. Bergeron is also responsible for the oversight of Symmetry
Portfolios, Mackenzie Investments' managed asset program, as well as
the diversified fund-of-fund strategies and the concentrated funds of
best ideas.

Clarification of balanced fund investment strategies
To assist advisors and investors in making more informed decisions,
Mackenzie Investments will be amending the investment strategies of the
eight above mentioned balanced funds* to specify each fund's ability to
allocate its assets between equity and fixed income securities. These
amendments will be made on or about August 14, 2014.

* The investment strategies of Mackenzie Ivy Global Balanced Fund and
Mackenzie Ivy Canadian Balanced Fund will be amended pending a
favorable vote by investors to change the investment objectives.

Subject to investor approval, the funds will change their objectives to
allow for increased flexibility regarding the funds' asset allocation
among equity securities and fixed income securities. Full details will
be outlined in a Management Information Circular and Proxy to be mailed
in July to investors of record. The proposed amendments will not impact
the risk ratings of the funds.

A special meeting of investors to consider and vote on these proposed
amendments is scheduled for August 13, 2014, at the Mackenzie
Investments office in Toronto. If approved, these amendments will come
into effect on or about August 14, 2014.

Sub-advisor change to Mackenzie US Large Cap Growth Fund
Effective on or about September 15, 2014, Mackenzie US Large Cap Growth
Fund will be managed by Putnam Investments. Putnam Investments is a
leading US investment management firm that brings deep experience and a
proven track record.

In conjunction with this sub-advisor change, Mackenzie US Large Cap
Growth Fund will be renamed Mackenzie US All Cap Growth Fund to reflect
Putnam's approach to diversifying across all market capitalizations.

Mackenzie Investments was founded in 1967, and is a leading investment management firm
providing investment advisory and related services. With $69.3 billion
in assets under management as at May 31, 2014, Mackenzie Investments
distributes its investment services through multiple distribution
channels to both retail and institutional investors. Mackenzie
Investments is a member of the IGM Financial Inc. (TSX: IGM) group of
companies. IGM Financial is one of Canada's premier financial services
companies with over $138 billion in total assets under management as at
May 31, 2014. For more information, visit mackenzieinvestments.com.